Albertsons Companies, Inc. (NYSE:ACI) Receives $21.92 Average Target Price from Brokerages

Albertsons Companies, Inc. (NYSE:ACI) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.9231.

ACI has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a research report on Thursday, October 30th. Morgan Stanley reissued an “underweight” rating and issued a $14.00 price target (down from $20.00) on shares of Albertsons Companies in a report on Thursday, January 15th. Barclays reduced their price target on shares of Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Thursday, January 8th. Telsey Advisory Group lowered their price objective on Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Albertsons Companies in a research note on Thursday, January 8th. They set a “hold” rating for the company.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $16.68 on Monday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. Albertsons Companies has a fifty-two week low of $15.80 and a fifty-two week high of $23.20. The stock has a market cap of $8.57 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.50 and a beta of 0.48. The stock has a fifty day moving average of $17.35 and a 200-day moving average of $18.29.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $19.12 billion during the quarter, compared to the consensus estimate of $19.18 billion. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Equities research analysts anticipate that Albertsons Companies will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, January 23rd. Albertsons Companies’s dividend payout ratio is 38.71%.

Insiders Place Their Bets

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of Albertsons Companies stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total transaction of $863,870.00. Following the completion of the sale, the executive vice president directly owned 289,429 shares in the company, valued at $5,102,633.27. The trade was a 14.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Institutional Trading of Albertsons Companies

Several institutional investors and hedge funds have recently made changes to their positions in ACI. CWM LLC increased its stake in Albertsons Companies by 103.5% in the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 730 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Albertsons Companies by 130.4% during the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock worth $26,000 after purchasing an additional 827 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Albertsons Companies by 185.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after purchasing an additional 1,057 shares in the last quarter. Allworth Financial LP increased its position in shares of Albertsons Companies by 98.4% during the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock valued at $37,000 after purchasing an additional 844 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Albertsons Companies during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.